There are a few reasons why meme coins like Pepe are attracting whales (investors with large amounts of cryptocurrency):
High potential returns: Meme coins are known for their volatility, which means their prices can surge or crash very quickly.This volatility attracts whales who are looking for high-risk, high-reward investments.
Market manipulation: Because meme coins are often less liquid (meaning they are traded less frequently) than other cryptocurrencies, whales can more easily manipulate their prices. This can be done by buying large amounts of a meme coin, which drives the price up, and then selling their holdings for a profit.
Community hype: Meme coins often have strong communities of supporters who are very active online.This hype can drive up the price of a meme coin, even if it doesn't have any real-world use cases.
****It's important to remember that meme coins are a very speculative investment. They are highly volatile and there is a very real chance that you could lose all of your money if you invest in them.
